The market should rest assured that whatever it needs is there. Before that there is no need to do anything.

There is nothing like an absolute price level. You cannot decree an absolute price; everything is subject to market forces, and market forces cut both ways.

But mainly it's the threatening statements being made against Iran as a result of its nuclear program.

OPEC is not part of the misunderstanding between Iran and the Western democracies.

The two are moving in parallel but there is no meeting point.

The market is well supplied - actually it is in balance. After Katrina, everybody offered crude but the refining capacity was not there to cope with it.